Minhajur Rahaman
Principals of Accounting Solutions
Problem-1: The Recording Process
Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transacti...
Problem-3: Fraud, Internal Control, and Cash
The bank portion of the bank reconciliation for Langer Company at November 30, 2019, was as follows
...
Problem-23: Budgetary Planning
Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step in the b...
Problem-04: Financial Statement Analysis
Financial information for Messersmith Company is presented below
Additional Information
Invent...
Problem-19: Long-Term Liabilities
Dreiling Company borrowed $300,000 on January 1, 2019, by issuing a $300,000, 8% mortgage note payab...
Problem-24: Accounting for Merchandising Operations
The trial balance of A. Wiencek Company at the end of its fiscal year, August 31, 2019, includes the...
Problem-4: Job Order Costing
Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufact...
Problem-12: Adjusting the Accounts
The trial balance for Pioneer Advertising is shown in below
Pioneer AdvertisingTrial BalanceOctober...
Problem-16: Accounting for Merchandising Operations
Presented below is information for Kaila Company for the month of March 2019.
Instructions
Prepa...
Problem-04: Long-Term Liabilities
Talkington Electronics issues a $400,000, 8%, 15-year mortgage note on December 31, 2018. The procee...
Problem-22: Accounting for Merchandising Operations
Presented below are selected accounts for McPhan Company as reported in the worksheet using a perpet...
Problem-19: Accounting for Receivables
Record the following transactions for Redeker Co. in the general journal.
2020
May 1Received a $9,...
Problem-21: Budgetary Control and Responsibility Accounting
The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the di...
Problem-7: Job Order Costing
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in process I...
Problem-12: Job Order Costing
Crawford Corporation incurred the following transactions.
Purchased raw materials on account $46,30...
Problem-13: Accounting for Partnerships
Sedgwick Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and ...
Problem-1: Accounting in Action
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were compl...
Problem-10: Adjusting the Accounts
The ledger of Passehl Rental Agency on March 31 of the current year includes the selected accounts, ...
Problem-26: Accounting for Merchandising Operations
Below is a series of cost of goods sold sections for companies B, F, L, and R.
Instructions
Fill...
Problem-8: Fraud, Internal Control, and Cash
On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks no. 254, $6...
Problem-19: Process Costing
David Skaros has recently been promoted to production manager. He has just started to receive variou...
Problem-7: Cost Volume Profit
Bonita Company manufactures a single product. Annual production costs incurred in the manufacturing ...
Problem-10: Accounting for Merchandising Operations
On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The com...
Problem-19: Managerial Accounting
University Company produces collegiate apparel. From its accounting records, it prepares the followi...
Problem-10: Financial Statement Analysis
Financial information for Kurzen Inc. is presented below.
Instructions
Prepare a schedule showin...
Problem-23: Process Costing
Major Instrument, Inc, manufactures two products: missile range instruments and space pressure gauge...
Problem-18: Accounting Information Systems
Selected Accounts from the ledgers of Youngblood Company at July 31 showed the following.
Instruc...
Problem-16: Accounting for Partnerships
K.Kolmer, C Eidman, and C. Ryno share income on a 5:3:2 basis. They have capital balances of $34,000...
Problem 14: Incremental Analysis and Capital Budgeting
Cawley Company makes three models of tasers. Information on the three products is given below
Problem-14: Process Costing
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost...
Problem-4: Accounting Information Systems
Selected accounts from the chart of accounts of Mercer Company are shown below
101 Cash112 Accoun...
Problem-08: Statement of Cash Flows
Data for Nosker Company are presented in bellow.
Nosker Company.Comparative Balance SheetsDecember ...
Problem-14: Long-Term Liabilities
Swisher Company issued $2,000,000 of bonds on January 1, 2019.
Instructions
Prepare the journal en...
Problem-14: Inventories
On December 1, Kiyak Electronics Ltd. has three DVD players left in stock. All are identical, all ar...
Problem-02: Financial Statement Analysis
The comparative statements of Painter Tool Company are presented below
All sales were on account....
Problem-15: Adjusting the Accounts
Selected accounts of Holly Company are shown as follows.
Instructions
After analyzing the acco...
Problem-1: Budgetary Planning
Cook From Supply Company manufactures and sells a pesticide called Snare. The following data are pre...
Problem-9: Inventories
Wittmann Co. began operations on July 1. It uses a perpetual inventory system During July, the compa...
Problem-04: Process Costing
Rivera Company has several processing departments. Costs charged to the Assembly Department for Nove...
Problem-15: Completing the Accounting Cycle
Patel Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant m...
Problem-02: Accounting for Partnerships
At the end of its first year of operations on December 31, 2020, NBS Company's accounts show the fol...
Problem-1: Job Order Costing
Lott Company uses a job order cost system and applies overhead to productions on the basis of direct...
Problem-12: Standard Costs and Balanced Scorecard
Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon....
Problem-4: Completing the Accounting Cycle
Vang Management Services began business on January 1, 2019, with a capital investment of $120,000. t...
Problem-15: Standard Costs and Balanced Scorecard
The standard cost of product B manufactured by pharrell Company includes there units of direct mater...
Problem-11: Fraud, Internal Control, and Cash
The cash records of Dawes Company show the following four situations.
The June 30 bank reconciliat...
Problem-5: Cost Volume Profit
Viejol Corporation has collected the following information after its first year of sales. Sales were...
Problem-24: Inventories
This information is available for Abdullah's Photo Corporation for 2017, 2018, and 2019.
Instruct...
Business Statistics Solutions
Problem-63: Grouping and Displaying data to convey meaning
Hanna Equipment Co. sells process equipment to agricultural companies in developing countries. A rec...
Problem-89: Probability I: Introductory Ideas
Airlines serve as ''flagship carriers'' in Europe, and for symbolic and strategic reasons, many have...
Problem-27: Chi-Square and Analysis of Variance
Three training methods were compared to see whether they led to greater productivity after training....
Problem-19: Estimation
The manager of Cardinal Electrics light bulb division must estimate the average number of hours that...
Problem-38: Grouping and Displaying data to convey meaning
Pamela Mason, a consultant for a small local brokerage firm, was attempting to design investment pro...
Problem-06: Probability Distributions
Bill Jonson has bought a VCR from Jim's Videotape Service at a cost of $300. He now has the option o...
Problem-17: Estimation
From a population of 540, a sample of 60 individuals is taken. From this sample, the mean is found t...
Problem-60: Grouping and Displaying data to convey meaning
Cline has obtained information on Section Crew #3’s coal production per shift for the same 35-shift ...
Problem-7: Testing Hypotheses: One Sample Tests
A grocery store has specially packaged oranges and has claimed a bag of oranges will yield 2.5 quart...
Problem-30: Chi-Square and Analysis of Variance
The manager of an assembly line in a clock manufacturing plant decided to study how different speeds...
Problem-59: Testing Hypotheses: Two Sample Tests
Robin Wendell has been offered a transfer from Pittsburgh to Boston, but is holding out for more mon...
Problem-02: Measures of Central Tendency and Dispersion in Frequency Distributions
Davis Furniture Company has a revolving credit agreement with the fast National Bank. The loan showe...
Problem-87: Probability I: Introductory Ideas
The pressroom supervisor for a daily newspaper is being pressured to find ways to print the paper cl...
Problem-61: Testing Hypotheses: One Sample Tests
If we wish to accept the null hypothesis 85 percent of the time when it is correct, within how many ...
Problem-50: Testing Hypotheses: One Sample Tests
XCO, a multinational manufacturer, uses a batch process to produce widgets. Each batch of widgets ta...
Problem-05: Estimation
Electric Pizza was considering national distribution of its regionally successful product and was co...
Problem-25: Probability I: Introductory Ideas
The Herr-McFee Company, which produces nuclear fuel rods,must X-ray and inspect each rod before ship...
Problem-26: Measures of Central Tendency and Dispersion in Frequency Distributions
Bob Headen is calculating the average growth factor for this stereo store over the last 6 years. Usi...
Problem-66: Testing Hypotheses: One Sample Tests
The City of Oakley collects a 1.5 percent transfer tax on closed real estate transactions. In an ave...
Problem-28: Probability Distributions
Given a binomial distribution with n = 30 trials and p = 0.04, use the poisson approximation to the ...
Problem-47: Grouping and Displaying data to convey meaning
In the population under study, there are 2,000 women and 8,000 men. If we are to select a sample of ...
Problem-19: Testing Hypotheses: One Sample Tests
Under what conditions is it appropriate to use a one-tailed test? A two-tailed test?.Contact us for ...
Problem-58: Grouping and Displaying data to convey meaning
The Kawahondi Computer Company compiled data regarding the number of interviews required for each of...
Problem-55: Measures of Central Tendency and Dispersion in Frequency Distributions
These are the total fares (in dollars) collected Tuesday by the 20 taxis belonging to City Transit, ...
Problem-55: Testing Hypotheses: Two Sample Tests
Ellen Singer asserted to one of her colleagues at Triangle Realty that homes in southern Durham Coun...
Problem-21: Chi-Square and Analysis of Variance
Dennis Barry, a hospital administrator, has examined past records from 210 randomly selected 8-hour ...
Problem-20: Sampling and Sampling Distributions
For a population of size N = 80 with a mean of 8.2 and a standard deviation of 2.1, find the standar...
Problem-36: Testing Hypotheses: Two Sample Tests
A car retailer thinks that a 40,000-mile claim for tire life b y the manufacturer is too high. She c...
Problem-49: Testing Hypotheses: One Sample Tests
A television documentary on overeating claimed that Americans are about 10 pounds over- weight on av...
Problem-31: Probability I: Introductory Ideas
George, Richard, Paul, and John play the following game. Each man takes one of four balls numbered 1...
Problem-70: Probability I: Introductory Ideas
An air traffi c controller at Dulles Airport must obey regulations that require her to divert one of...
Problem-59: Chi-Square and Analysis of Variance
Marketers know that tastes differ in various regions of the country. In the rental car business,
an...
Problem-33: Probability Distributions
Guy Ford, production supervisor for the Winstead Company's Charlottesville plant, is worried about a...
Problem-10: Estimation
From a population known to have a standard deviation of 1.4, a sample of 60 individuals is taken. Th...
Problem-13: Probability Distributions
We Car Air needs to make a decision about Flight 105. There are currently 3 seats reserved for last-...
Problem-17: Testing Hypotheses: Two Sample Tests
Greatyear tires currently produces tires at their Wilmington, North Carolina plant during two 12-hou...
Problem-13: Chi-Square and Analysis of Variance
After years of working at a weighing station for trucks, Jeff Simpson feels that the weight per truc...
Problem-48: Testing Hypotheses: One Sample Tests
As the bottom fell out of the oil market in early 1986, educators in Texas worried about how the res...
Problem-15: Probability I: Introductory Ideas
The office manager of an insurance company has the following data on the functioning of the copiers ...
Problem-59: Probability I: Introductory Ideas
T.C Fox, marketing director for Metro-Goldmine Motion pictures, believes that the studio's upcoming ...
Problem-68: Probability I: Introductory Ideas
McCormick and Tryon, Inc., is a “shark watcher,” hired by fi rms fearing takeover by larger companie...
Problem-19: Probability Distributions
Find the mean and standard deviation of the following binomial distributions:
Problem-72: Testing Hypotheses: One Sample Tests
The median number of children in U>S. households is 2. At a 10 percent significance level.Contact us...
Problem-3: Testing Hypotheses: One Sample Tests
If we reject a hypothesized value because it differs from a sample statistic by more than 1.75 stand...
Problem-10: Measures of Central Tendency and Dispersion in Frequency Distributions
National Tire Company holds reserve funds in short-term marketable securities. The ending daily bala...
Problem-29: Sampling and Sampling Distributions
The U>S. Customs Agency routinely checks all passengers arriving from foreign countries as they ente...
Problem-15: Grouping and Displaying data to convey meaning
The Bureau of Labor Statistics has sampled 30 communities nationwide and complied prices in each com...
Problem-42: Measures of Central Tendency and Dispersion in Frequency Distributions
The ages of a sample of the students attending Sandhills Community College this semester are:
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Most Reading Solutions
Problem-5: Completing the Accounting Cycle
Anya Clark opened Anya's Cleaning Service on July 1, 2019. During July, the following transactions w...
Problem-5: Adjusting the Accounts
On Nobember 1, 2019, the account balances of Hamm Equipment Repair were as follows
During Novembe...
Problem-1: Completing the Accounting Cycle
The trial balance columns of the worksheet for Wareen Roofing at March 31, 2019, are as follows.
Wa...
Problem-2: Accounting for Merchandising Operations
Renner Hardware Store completed the following merchandising transactions in the month of May. At the...
Problem-2: The Recording Process
Emily Valley is a licensed dentist. During the first month of the operation of her business, the fol...
Problem-1: Adjusting the Accounts
Logan Krause started her own consulting firm, Krause Consulting, on May 1, 2019. The trial balance a...
Problem-2: Adjusting the Accounts
Mac's Motel opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as ...
Problem-3: The Recording Process
Maquoketa Services was formed on May 1, 2018. The following transactions took place during the first...
Problem-5: Accounting for Merchandising Operations
The trial balance of Gaolee Fashion Center contained the following accounts at November 30, the end ...
Problem-1: Accounting in Action
On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were compl...
Problem-5: The Recording Process
The Starr Theater, owned by Meg Vargo will begin operation in March. The Starr will be unique in tha...
Problem-1: The Recording Process
Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transacti...
Problem-1: Accounting for Merchandising Operations
Kern's Book Warehouse distributes hardcover looks to retail stores and extends credit terms of 2/10,...
Problem-2: Completing the Accounting Cycle
The adjusted trial balance columns of the worksheet for Thao Company, owned by D. Thao, are as follo...
Problem-5: Inventories
You are provided with the following information for Koetteritz Inc. for the month ended June 30, 201...
Problem-8: Accounting for Merchandising Operations
At the beginning of the current season on April, the ledger of Gage Pro Shop showed Cash $3,000. Inv...
Problem-2: Accounting in Action
Judi Salem opened a law office on July 1, 2018. On July 31, the balance sheet showed Cash $5,000, Ac...
Problem-10: Adjusting the Accounts
The ledger of Passehl Rental Agency on March 31 of the current year includes the selected accounts, ...
Problem-3: Accounting for Merchandising Operations
Big Box Store is located in midtown Madison. During the past several years, net income has been decl...
Problem-6: Adjusting the Accounts
Johnson Graphics Company was organized on January 1, 2019, by Cameron Johnson. At the end of the fir...
Problem-5: Plant Assets, Natural Resources and intangible Assets
At December 31, 2019, Grand Company reported the following as plant assets.
During 2020, the foll...
Problem-4: Accounting in Action
Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2018. The following transa...
Problem-3: Adjusting the Accounts
Alena Co. was organized on July 1, 2019. quarterly financial statements are prepared. The unadjusted...
Problem-4: Accounting for Merchandising Operations
Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of the curren...
Problem-10: Accounting for Merchandising Operations
On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The com...
Problem-2: Plant Assets, Natural Resources and intangible Assets
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in th...
Problem-2: Inventories
Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had...
Problem-1: Accounting for Receivables
At December 31, 2018, House Co. reported the following information on its balance sheet.
Accounts r...
Problem-15: Inventories
Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts, Information rela...
Problem-4: Accounting Information Systems
Selected accounts from the chart of accounts of Mercer Company are shown below
101 Cash112 Accoun...
Problem-01: Corporations: Dividends, Retained Earnings, and Income Reporting
On January 1, 2020, Geffrey Corporation had the following stockholders equity accounts.
Common St...
Problem-01: Current Liabilities and Payroll Accounting
On January 1, 2020, the ledger of Accardo Company contains the following liability accounts.
Accoun...
Problem-8: Adjusting the Accounts
Devin Wolf Company has the following balances in selected accounts on December 31, 2019
All the a...
Problem-4: The Recording Process
The trial balance of Avtar Sandhu Co. Shown below does not balance
AVTAR SANDHU CO.Trial BalanceJun...
Problem-8: Inventories
Dempsey Inc is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method...
Problem-3: Plant Assets, Natural Resources and intangible Assets
On January 1, 2019, Evers Company purchased the following two machines for use in its production pro...
Problem-3: Accounting Information Systems
The chart of accounts of LR Company includes the following selected accounts.
112 Accounts Receiv...
Problem-02: Current Liabilities and Payroll Accounting
The following are selected transactions of Blanco Company. Blanco prepares financial statements quar...
Problem-3: Completing the Accounting Cycle
The completed financial statement columns of the worksheet for Bray Company are shown as follows.
B...
Problem-4: Completing the Accounting Cycle
Vang Management Services began business on January 1, 2019, with a capital investment of $120,000. t...
Problem-3: Accounting for Receivables
Presented below is an aging schedule for Halleran Company.
At December 31, 2019, the unadjusted b...
Problem-1: Accounting Information Systems
Kozma Company's chart of accounts includes the following selected accounts.
101 Cash112 Accounts ...
Problem-17: Inventories
Moath Company reports the following for the month of June.
Instructions
Compute the cost of en...
Problem-9: Accounting for Merchandising Operations
Information related to Kerber Co. is presented below
On April 5, purchased merchandise from Wilkes ...
Problem-4: Adjusting the Accounts
A review of the ledger of Remina Company at December 31, 2019, produces the following data pertainin...
Problem-1: Job Order Costing
Lott Company uses a job order cost system and applies overhead to productions on the basis of direct...
Problem-3: Accounting in Action
On June 1, Cindy Godfrey started Divine Designs Co., a company that provides cash opportunities by i...
In a survey conducted of 2,000 clerks in an office it found that 48%preferred coffee (C), 54% liked Tea (T) and 64% used to smoke (S). Of the total 28% used C and T, 32%...
the number having all the three
T and S but not C
only C
Problem-01: Long-Term Liabilities
On May 1, 2019, Herron Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated M...
Problem-16: Plant Assets, Natural Resources and intangible Assets
Linton Company purchased a delivery truck for $34,000 on January 1, 2019. The truck has an expected ...
Completing the Accounting Cycle Adjusting the Accounts Accounting for Merchandising Operations The Recording Process Accounting in Action Inventories Plant Assets, Natural Resources, and Intangible Assets Accounting for Receivables Accounting Information Systems Corporations: Dividends, Retained Earnings, and Income Reporting Current Liabilities and Payroll Accounting Job Order Costing Sets Long-Term Liabilities